Regional Management (RM) Posts Quarterly Earnings Results, Beats Expectations By $0.02 EPS

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Regional Management (NYSE:RM) released its quarterly earnings results on Thursday. The credit services provider reported $0.85 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.02, Morningstar.com reports. The company had revenue of $77.92 million for the quarter, compared to analysts’ expectations of $78.72 million. Regional Management had a return on equity of 12.87% and a net margin of 11.64%.

Shares of NYSE:RM traded down $1.02 during midday trading on Friday, hitting $28.08. 46,673 shares of the stock were exchanged, compared to its average volume of 57,379. The stock has a market cap of $346.17 million, a P/E ratio of 11.21 and a beta of 0.81. The company has a current ratio of 47.26, a quick ratio of 47.26 and a debt-to-equity ratio of 2.28. Regional Management has a 12 month low of $21.50 and a 12 month high of $37.21.

Several analysts have recently weighed in on the company. ValuEngine cut Regional Management from a “hold” rating to a “sell” rating in a report on Saturday. Stephens set a $34.00 price target on Regional Management and gave the stock a “hold” rating in a report on Friday. Zacks Investment Research upgraded Regional Management from a “sell” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets boosted their price target on Regional Management from $32.00 to $36.00 and gave the stock a “market perform” rating in a report on Thursday, August 2nd. Finally, TheStreet cut Regional Management from a “b” rating to a “c+” rating in a report on Monday, July 16th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has given a buy rating to the company. Regional Management presently has a consensus rating of “Hold” and an average price target of $34.00.

Hedge funds have recently made changes to their positions in the stock. Martingale Asset Management L P bought a new stake in Regional Management in the third quarter valued at approximately $257,000. Mackay Shields LLC bought a new stake in Regional Management in the second quarter valued at approximately $284,000. Sun Life Financial INC bought a new stake in Regional Management in the second quarter valued at approximately $301,000. First Trust Advisors LP boosted its holdings in Regional Management by 19.7% in the second quarter. First Trust Advisors LP now owns 10,784 shares of the credit services provider’s stock valued at $378,000 after acquiring an additional 1,775 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in Regional Management by 534.8% in the second quarter. Russell Investments Group Ltd. now owns 15,019 shares of the credit services provider’s stock valued at $526,000 after acquiring an additional 12,653 shares during the last quarter. Institutional investors and hedge funds own 85.99% of the company’s stock.

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About Regional Management

Regional Management Corp., a diversified consumer finance company, provides various loan products primarily to customers with limited access to consumer credit from banks, thrifts, credit card companies, and other traditional lenders. The company offers small and large installment loans; automobile purchase loans; loans to finance the purchase of furniture, appliances, and other retail products; insurance products, including credit life, credit accident and health, credit property, vehicle single interest, and credit involuntary unemployment insurance; collateral protection insurance; and property insurance, as well as reinsurance products.

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Earnings History for Regional Management (NYSE:RM)

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